Louisiana Real Estate Salesperson Exam Prep

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When you are ready to embark on your career in the wonderful world of real estate, start on the right foot and invest in our Louisiana Real Estate Exam Preparation guide. Our goal is to help aspiring real estate brokers pass the exam the first time around, a goal we can confidently say we have achieved time and time again. To date, we have assisted over 50,000 students pass on try #1 and proudly boast a 95 percent pass rate. The preparation test questions and answers were curated by real estate professionals and are continuously revised to keep up with Louisiana’s changing licensing requirements. Whether you have months to study for your upcoming Salesperson License Exam or mere weeks, you will benefit from our system, and if you do not, we will give you your money back, guaranteed.

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Louisana License Requirements

Louisiana’s real estate license requirements are stricter than many other states. In addition to presenting a passing score to the Louisiana Real Estate Commission, they must also provide documentation that proves the following to be true:

They are at least 18 years old

They possess a high school diploma or equivalent

They have successfully completed 90 hours of accepted education courses

They have passed the Louisiana salesperson real estate exam

They are sponsored by a licensed Louisiana real estate professional

They possess Errors & Omissions Insurance

Louisana Reciprocal Agreements

Louisiana is one of 26 states that holds cooperative reciprocity agreements with other states. Brokers from Louisiana may enter one of the nine listed states to conduct business and vice versa. The nine states with which Louisiana has a co-brokerage agreement are as follows:

Alabama

Arkansas

Colorado

Georgia

Iowa

Mississippi

North Carolina

New Mexico

Oklahoma

Pennsylvania

Louisana Sample Practice Real Estate Exam Questions and Answers

Many aspiring brokers find that it is helpful to get an idea of their preparedness level before they begin the system. If you want to gain a better understanding of where you stand before you invest in our Louisiana Real Estate Exam Preparation guide, feel free to take our free sample exam. This test includes questions and answers from the real Louisiana real estate license exam. When you are ready to assess your knowledge of course materials, please click the ‘Start’ button. Bear in mind that if you navigate away from the test screen at any point, or if you click out of the browser, your answers will rest. Please do not hesitate to take the practice exam as many times as you need. To review your answers or reread any of the questions, please click the ‘List’ button. Good luck!

Louisiana State Section

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Question 1

After getting a license, how often must you take Continuing Education classes?

A

Every 3 years

B

Every year

C

Every 4 years

D

Every 2 years

Question 2

Does Louisiana participate in reciprocity with other states?

A

No

B

Yes

Question 3

What term means "going to the state?"

A

escheat

B

Eminent Domain

C

police power

D

Taxation

Question 3 Explanation:

Escheat is if someone dies and there is no one to inherit or no will. The property goes to the state.

Question 4

How soon can a broker receive a commission check after a closing in Louisiana?

A

After the transaction is completed and funded.

B

Once the seller agrees to the price.

C

Once the offer sheet is signed.

D

When the Buyer moves in.

Question 5

Mortgage "discount" points only apply if which of the following conditions are met?

A

The seller has agreed to pay 1% of the closing costs

B

The interest rate on the mortgage loan has been lowered by 2% for each point charged

C

The loan does not close and the buyer owes the lender for services rendered

D

The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 6

Which of the following isn't part of a deed?

A

Habendum

B

acknowledgement

C

novation

D

Premises

Question 7

Is Louisiana a community property state?

A

No

B

Yes

Question 8

Which of the following is required for an applicant to receive a Real Estate License?

A

Must have a Bachelors degree

B

Must have lived in the state for more than a year

C

Must be 25 or older

D

Must sit and pass the required exam

Question 9

Standing trees would be considered:

A

Emblements

B

Real property

C

Personal Property

D

Chattels

Question 10

The Salesperson license fee costs how much?

A

$75

B

$35

C

$50

D

$45

Question 11

Does Louisiana allow Holographic wills?

A

Yes

B

No

Question 12

What is homestead protection?

A

The estimated value that an asset will have at then end of it's useful life

B

Gradual subsidence of waters, leaving dry land

C

The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

D

Net cash remaining to investor after sale of investment property

Question 13

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A

lessor

B

buyer

C

agent

D

lessee

Question 14

In what circumstances, if any, can a broker in Louisiana who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A

Only when both buyer and seller have legal representation

B

In most circumstances, except when the buyer and seller are related

C

Only when both buyer and seller give informed consent to this arrangement

D

None; the broker may only collect compensation from one party to a transaction

Question 15

Which is not necessary for a valid contract?

A

due date

B

offer

C

acceptance

D

legal object

Question 16

Which of the following would not put a sales person in jeopardy of losing their license in Louisiana?

A

Being authorized to accept and excessive commission.

B

Depositing his/her clients escrow money into a personal account

C

Convicted of a felony

D

Placing an ad claiming to be a broker when they are not.

Question 17

What is a holographic will?

A

a will and testament that has been entirely handwritten and signed by the testator.

B

a will that displays in 3D

C

a will that has been approved by each family member.

D

a standard boiler plate will.

Question 18

Does Louisiana have homestead laws?

A

No

B

Yes

Question 19

The license law is administered by:

A

Commission for Real Estate Louisiana

B

Department of Real Estate Louisiana

C

Louisiana Real Estate Commission

D

Louisiana Department of Real Estate

Question 20

Which of the following states does NOT participate in reciprocity with Louisiana?

A

New York

B

Arkansas

C

Colorado

D

Alabama

Question 21

Which of the following is a landlord's option for a tenant not paying the rent?

A

unlawful detainer action in court

B

Lock the tenant out.

C

shut off the power.

D

shut off the gas.

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